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Executive Managament

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Submitted By snoland30
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Macy’s is one of the nation’s premier retailers but a problem has occurred with their inventory of winter apparel. The winter is near and the store knows that an influx of customers will be coming in to purchase winter apparel for their families for the winter season. The manager looked over the inventory and realized that there is a shortage in winter coats again. Macys has a recurring issue in regard to the shortage in inventory because of the department assuming how many coats they would need for the department. For the past few years this approach has worked completely fine, however, this year the department was not so fortunate. The department had sold their last winter coat and is awaiting shipment for more winter coats. During the wait the department lost substantial amount of money because customers did not want to wait for the shipment to arrive, causing customers to purchase their winter coats from other department stores. The department is motivated to implement a solution to eliminate the issue at hand. Utilizing an up to date Inventory System will eliminate the shortage of winter coats.
Macy’s Current Inventory System The inventory system that Macy’s use is the Aralco Retail Inventory Management System which is Point Of Sale Software. The Aralco Retail Inventory Management System does several operations. It will track the items selling and the items not selling. Another operation the Aralco System performs is prioritizing quick selling products; adjust placement, promotion, and pricing quickly. The Aralco System will make improved business choices in real-time. With this inventory system less time will be spent manually counting inventory and more time selling inventory. The Aralco System also gives the organization customer profiling, evaluations of the staff, prospecting, and generates reports. The final operation that the Aralco

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